UHUB a startup company from Vietnam, has recently announced their plans to launch an Initial Coin Offering on November 16. The crowdsale will be held to gather funds for the development of the new e-commerce decentralized marketplace, where companies and individuals can buy and sell goods without intermediaries. The platform will bring many benefits to its users, allowing direct purchase of products, tickets and hotel services, saving time and money. The presale is scheduled to be held from November 16 to November 25, and ICO from November 25 to December 10.
The new UHUB decentralized platform will use smart contracts based on the Ethereum blockchain, and it will consist of HUB exchange, HUB marketplace, and HUB connector. This will provide an entire ecosystem for users, where HUB exchange will enable the straightforward exchange of fiat or cryptocurrency for HUBcoin, as well as the wallet for storing cryptocurrencies.
The HUB marketplace is designed to be a decentralized place where anyone can buy or sell goods directly. Without intermediaries such as payment processors (PayPal, Stripe, BitPay), the fees for each trade will be reduced from approximately 15% to 1%, directly creating the conditions for cheaper goods. The marketplace will use smart contracts to enable a sort of Escrow, ensuring the fair exchange between the parties and keeping fraud to a minimum level.
The HUB connector will enable users to safely buy flight and train tickets, food vouchers, tickets for events, etc. Tickets will be sorted by country and city to match the location of “HUB connector” users. Also, users will be able to make restaurant and hotel reservations.
“I am aware that UHUB is a big project. But we just want to pay our debt to the community. That’s why we have gathered a knowledgeable and motivated team to make it happen. We want to provide a safer, cheaper and less time-consuming ecosystem, allowing the users to find everything they need in one place. Our long-term goal is also to create more job openings for freelancers, as the UHUB community starts to grow. We intend to create a system where everyone benefits, and we hope to gather the funds to do it.” – UHUB CEO, Yeu Nguyen.
As the primary payment method, the platform will use HUBcoin (HUB), a token created by the UHUB company. HUBcoin will be exchanged only for Ether (ETH) during the ICO.
The funding goal for the development of the platform is set to a minimum of 10 million US dollars. If the goal is not reached, the funds will be returned to supporters.
Company Name – UHUB
Company Website: https://uhub.io/
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